"We recognize companies, families and individuals are facing financial challenges right now due to the pandemic, and we're here to support plan sponsors and their participants to help ease their burden during these challenging times," said Eric Stevenson, president of Nationwide Retirement Plans. "We want to help businesses balance the costs of offering retirement plans with the vital need for their employees to prepare for a secure retirement – a challenge that has been exacerbated by recent market volatility and uncertainty."
The fee waiver is available on Nationwide's flagship Flexible Advantage retirement plan solution beginning Aug. 1, 2020. If eligibility criteria are met, Nationwide will waive its portion of the plan's asset fee for 90 days from the Trust Effective Date (the date of first deposit to Nationwide). Other fees still apply.
For more information call 1-800-626-3112.
About Nationwide
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor's. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter.